- Satoshi Nakamoto’s net worth drops 34% losing $47 billion amid Bitcoin price downturn.
- Institutional withdrawals from Bitcoin ETFs and profit-taking pressure Bitcoin price.
- Bitcoin profit-taking rises as it enters a bear market unless macro liquidity returns, CryptoQuant CEO says.
Satoshi Nakamoto’s Bitcoin holdings have declined to about $90.7 billion after a sharp price drop in the cryptocurrency. According to Arkham Intelligence, at Bitcoin’s October peak near $126,000, the stash was valued at around $137 billion. With Bitcoin currently trading below $85,000, Satoshi Nakamoto’s holdings have reduced by $47 billion.
Bitcoin price fell over 12% in the past week as institutional investors retreated from risk assets. This selloff also reflects weakness in other risk assets. US equities have swung since mid-October, and the tighter conditions have reduced speculative demand.
Satoshi Nakamoto’s net worth declines with dormant Bitcoin holdings
Arkham estimates roughly 1.096 million BTC held across thousands of early-mining addresses linked to Satoshi Nakamoto and have not moved since 2010. The dormancy of the coins has also prompted questions over lost private keys as Nakamoto’s identity remains unknown.
Satoshi Nakamoto’s holdings decline mirrors the broader trend, where Bitcoin price crash prompted sell-offs. The price has erased its 2025 gains and trades about 14% lower than its year-to-date value.
Multiple factors have contributed to Bitcoin’s drop, including weak liquidity and outflows from Bitcoin ETFs. These withdrawals, therefore, signal substantial shifts in investor sentiment, as more investors in the market reassess their positions.
Bitcoin price plunges toward $80,000 support level
Bitcoin’s continued decline has led to a larger market downturn, with the crypto market capitalization dropping by about $1.2 trillion. While Bitcoin fell to a seven-month low of around $80,500 on Friday, the cryptocurrency has shown signs of a modest recovery, rising 2% from the previous lows.
BTC currently tests resistance to reclaim the $85,000-$86,000 level, while a break below $80,000 could trigger liquidations in leveraged markets.
Crypto analysts say Bitcoin could find a bottom around $75,000- $80,000 key support area. Recent swings have also hit crypto treasury companies that hold Bitcoin on their balance sheets. If the bearish momentum continues, it threatens to push some corporate positions into loss territory.
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CryptoQuant CEO Says Profit-Taking Could Drive Bitcoin into Bear Market
On-chain analysts also point to profit-taking. CryptoQuant CEO Ki Young Ju cited “profit-taking phase” as a key factor in the ongoing downturn. According to Ju, many traders who purchased Bitcoin at lower prices are now choosing to lock in profits, which has led to a sell-off that is suppressing any potential recovery.
According to the PnL Index, which tracks the average purchase price across all wallets for Bitcoin, Ju said Bitcoin was heading into a classic bear market.
This means that a large number of Bitcoin holders are in profit and might be looking to sell. While this phase has historically led to extended periods of bearish trends, Ju highlights that it could be reversed by macro liquidity. He also draws parallels with the 2020 market cycle when high liquidity helped to stabilize prices after a sharp drop.
Nevertheless, the “Greed & Fear” index, which shows market sentiment has fallen to a record low of 10 points, indicating extreme fear. This raises uncertainty as to whether the required support will emerge to reverse the current bearish trend.
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